Dates and location
Hours
Dates and location
Hours
Description
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The accounting standards identify and disclose transactions that occur in the normal course of operations at “exchange amounts” agreed upon by related parties while the tax requirements take the next step at a higher standard to report the “transfer pricing method” used to price related party transactions on an “arm’s length basis” and prepare “contemporaneous documentation.”
This course introduces for accountants the tax requirements for related party transactions and explains for tax professionals the higher standard and greater risk since tax authorities annually review related party transactions to select taxpayers for a transfer pricing audit that takes up to two years to complete and can end with a reassessment for additional taxes, interest, and penalties.
Tariffs—and the threat of tariffs—present new hurdles for CPAs, and understanding how transfer pricing works will be critical for helping businesses navigate the global supply chain.
Note: Course content will be available on April 29, 2025.
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Key Takeaways
By the end of this course, you will recognize and understand the:
- Income Tax rules, administrative guidelines, and reporting obligations.
- The different transactions between related parties.
- The different “transfer pricing methods” used to price related party transactions.
- The “arm’s length” standard for pricing related party transactions.
- What it means to prepare or obtain “contemporaneous documentation.”
- Reporting obligations to the Canada Revenue Agency.
- Things to know and do throughout the year to avoid unwanted surprises.
Who Will Benefit
Accountants will learn the additional information that tax preparers require and the higher standards they must meet for reporting related party transactions to the tax authorities, and tax preparers will learn how to identify and discuss transfer pricing issues with the taxpayer.
How to Access the Course
New mobile learning! Download Blackboard Learn from your app store (iOS or Android). Learn more.
To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Matthew Wall is a Chartered Professional Accountant and Chartered Business Valuator who specializes in transfer pricing since 1996, an expert witness in tax court and participant at the OECD on policy changes in the Transfer Pricing Guidelines, writer, speaker, and founder of MDW Consulting Inc., an independent firm specializing in transfer pricing.